New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    When a single insurance company offers both life and

    non- life insurance policies then what does it known as?
    A Unit insurer Correct Answer Incorrect Answer
    B Aggregate insurer Correct Answer Incorrect Answer
    C Service insurer Correct Answer Incorrect Answer
    D Composite insurer Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An insurance company which provides both life and non-life insurance plans then that company is referred as composite insurer.

    Practice Next